Professional Negligence
Professional advisers and managers are increasingly being held accountable to compensate their clients for the results of their bad advice and the mismanagement of their clients’ affairs.
Our lawyers have assisted clients in claims against professional advisers and managers including:
Not every piece of professional advice that is wrong will be negligent. In order to establish a claim of negligence a client has to prove that the advice fell below the standard expected of a reasonably competent and diligent professional adviser. A similar test applies for negligent mismanagement.
Be aware that in choosing a financial adviser or fund manager it is important to know whether they have insurance for their own negligence or misconduct and what level of cover they have. Often by the time you know that your financial adviser or fund manager has done the wrong thing by you there are a number of people at their door, and they are in financial trouble.
If you have lost money because of the bad advice or poor performance of your professional adviser or fund manager, talk to our lawyers about whether you have a good claim for compensation.
